Act Two Investors LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 12, 2024), Act Two Investors LLC reported 49 stock positions worth $505.2 million. Its top holding was Microsoft (MSFT) at 13.4% of the portfolio, followed by Alphabet Class C (GOOG, 11.3%) and Amazon.com (AMZN, 7.6%). Compared with Q1 2024, it opened 5 new positions, sold out of 4, added to 19 and reduced 9. The biggest buy was Alphabet Class C (GOOG, shares +1%) and the biggest sale Vanguard Long-Term Treasury (VGLT, shares −65%).
- Most Recent 13F
- Q2 2026
- Location
- SANTA CRUZ, CA
- CIK
- 0001766907
- Portfolio Value
- $505.2M (Q2 2024)
- SEC Filing
- 0001214659-24-014217 ↗ filed Aug 12, 2024
Holdings Value
Holdings 49 stocks · $505.2M
| MSFT Microsoft Corp. | 13.43% | 151,788 | $67.8M | Add +0.3% |
| GOOG Alphabet Inc. Class C | 11.29% | 310,985 | $57.0M | Add +0.7% |
| AMZN Amazon.com Inc. | 7.61% | 198,925 | $38.4M | Add +1.9% |
| NXPI NXP Semiconductors NV | 7.60% | 142,590 | $38.4M | Reduce -3.5% |
| TMUS T-Mobile US Inc. | 7.52% | 215,619 | $38.0M | Add +2.6% |
| UNH Unitedhealth Group Inc. | 6.62% | 65,698 | $33.5M | Add +7.2% |
| V Visa Inc. Class A | 5.37% | 103,292 | $27.1M | Add +3.3% |
| AZN Astrazeneca PLC-Spons ADR | 4.94% | 319,957 | $25.0M | Add +5.4% |
| NOC Northrop Grumman Corp. | 4.60% | 53,319 | $23.2M | Add +3.2% |
| AAPL Apple Inc. | 3.93% | 94,274 | $19.9M | Add +0.8% |
| GPC Genuine Parts Co. | 3.89% | 141,985 | $19.6M | Add +18.6% |
| IEF iShares 7-10 Year Treasury B | 3.42% | 184,380 | $17.3M | Add +11.9% |
| BND Vanguard Total Bond Market | 3.24% | 227,410 | $16.4M | Add +7.3% |
| VGLT Vanguard Long-Term Treasury | 1.63% | 142,562 | $8.2M | Reduce -64.8% |
| SCHR Schwab Intermediate-Term US | 1.59% | 165,076 | $8.1M | New |
| BX Blackstone Inc. | 1.25% | 51,196 | $6.3M | No change |
| SYK Stryker Corp. | 1.15% | 17,003 | $5.8M | Reduce -3.4% |
| JPM JPMorgan Chase & Co. | 1.13% | 28,332 | $5.7M | No change |
| MCK McKesson Corp. | 1.04% | 9,017 | $5.3M | Add +11.7% |
| GEHC GE Healthcare Technology | 0.77% | 50,226 | $3.9M | Add +904.3% |
| CNI Canadian Natl Railway Co. | 0.77% | 33,020 | $3.9M | No change |
| GOOGL Alphabet Inc. Class A | 0.75% | 20,709 | $3.8M | Add +9.4% |
| ENB Enbridge Inc. | 0.74% | 105,589 | $3.8M | Reduce -54.1% |
| TMO Thermo Fisher Scientific Inc. | 0.73% | 6,710 | $3.7M | No change |
| SCHW Schwab (charles) Corp. | 0.69% | 46,958 | $3.5M | Reduce -82.3% |
| CP Canadian Pacific Kansas City | 0.62% | 39,837 | $3.1M | No change |
| SYY Sysco Corp. | 0.52% | 36,927 | $2.6M | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.39% | 4,815 | $2.0M | Add +27.4% |
| META Meta Platforms Inc. Class A | 0.36% | 3,640 | $1.8M | No change |
| MCD McDonald's Corp. | 0.34% | 6,720 | $1.7M | No change |
| ORCL Oracle Corp. | 0.24% | 8,764 | $1.2M | Add +40.4% |
| SLM SLM Corp. | 0.24% | 58,014 | $1.2M | No change |
| PRU Prudential Financial Inc. | 0.19% | 8,269 | $969K | No change |
| BKNG Booking Holdings Inc. | 0.15% | 189 | $749K | Add +25.2% |
| XLC SS Comm Select Sector SPDR | 0.13% | 7,393 | $633K | Reduce -34.0% |
| AON Aon PLC Class A | 0.12% | 2,121 | $623K | Add +9.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.11% | 3,180 | $553K | No change |
| XLF SS Financial Select Sector | 0.10% | 12,743 | $524K | Reduce -28.5% |
| JNJ Johnson & Johnson | 0.09% | 3,176 | $464K | Reduce -9.4% |
| MSI Motorola Solutions Inc. | 0.08% | 1,090 | $421K | No change |
| NVDA Nvidia Corp. | 0.08% | 3,310 | $409K | No change |
| EWBC East West Bancorp Inc. | 0.08% | 5,270 | $386K | No change |
| AXP American Express Co. | 0.08% | 1,645 | $381K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.07% | 1,318 | $353K | New |
| XLK SS Technology Select Sector | 0.07% | 1,498 | $339K | Reduce -44.3% |
| DG Dollar General Corp. | 0.07% | 2,483 | $328K | No change |
| MKL Markel Group Inc. | 0.06% | 182 | $287K | New |
| WTW Willis Towers Watson PLC | 0.05% | 1,029 | $270K | No change |
| FISV Fiserv Inc. | 0.05% | 1,795 | $268K | New |
Portfolio Sells Q1 2024 → Q2 2024
| VGLT Vanguard Long-Term Treasury | Reduce -64.8% | 1.63% | −3.19 |
| SCHW Schwab (charles) Corp. | Reduce -82.3% | 0.69% | −3.17 |
| SCHO Schwab Short-Term US Treas | Sold out | 0.00% | −1.19 |
| ENB Enbridge Inc. | Reduce -54.1% | 0.74% | −0.93 |
| SBUX Starbucks Corp. | Sold out | 0.00% | −0.22 |
| SYK Stryker Corp. | Reduce -3.4% | 1.15% | −0.12 |
| XLC SS Comm Select Sector SPDR | Reduce -34.0% | 0.13% | −0.06 |
| XLY SS Consumer Disc Select Sect | Sold out | 0.00% | −0.05 |
| XLP SS Consumer Staples Sel Sect | Sold out | 0.00% | −0.05 |
| XLF SS Financial Select Sector | Reduce -28.5% | 0.10% | −0.05 |
| XLK SS Technology Select Sector | Reduce -44.3% | 0.07% | −0.05 |
| JNJ Johnson & Johnson | Reduce -9.4% | 0.09% | −0.02 |
| NXPI NXP Semiconductors NV | Reduce -3.5% | 7.60% | +0.24 |
Portfolio Buys Q1 2024 → Q2 2024
| GOOG Alphabet Inc. Class C | Add +0.7% | 11.29% | +1.85 |
| SCHR Schwab Intermediate-Term US | New | 1.59% | +1.59 |
| AZN Astrazeneca PLC-Spons ADR | Add +5.4% | 4.94% | +0.81 |
| AAPL Apple Inc. | Add +0.8% | 3.93% | +0.71 |
| GEHC GE Healthcare Technology | Add +904.3% | 0.77% | +0.68 |
| MSFT Microsoft Corp. | Add +0.3% | 13.43% | +0.64 |
| TMUS T-Mobile US Inc. | Add +2.6% | 7.52% | +0.63 |
| AMZN Amazon.com Inc. | Add +1.9% | 7.61% | +0.54 |
| UNH Unitedhealth Group Inc. | Add +7.2% | 6.62% | +0.53 |
| SYY Sysco Corp. | New | 0.52% | +0.52 |
| IEF iShares 7-10 Year Treasury B | Add +11.9% | 3.42% | +0.29 |
| GOOGL Alphabet Inc. Class A | Add +9.4% | 0.75% | +0.17 |
| MCK McKesson Corp. | Add +11.7% | 1.04% | +0.17 |
| GPC Genuine Parts Co. | Add +18.6% | 3.89% | +0.16 |
| BND Vanguard Total Bond Market | Add +7.3% | 3.24% | +0.15 |
| ORCL Oracle Corp. | Add +40.4% | 0.24% | +0.09 |
| VTI VG Morningstar TS MKT ETF-US | New | 0.07% | +0.07 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +27.4% | 0.39% | +0.07 |
| MKL Markel Group Inc. | New | 0.06% | +0.06 |
| FISV Fiserv Inc. | New | 0.05% | +0.05 |
| BKNG Booking Holdings Inc. | Add +25.2% | 0.15% | +0.04 |
| AON Aon PLC Class A | Add +9.9% | 0.12% | −0.01 |
| V Visa Inc. Class A | Add +3.3% | 5.37% | −0.24 |
| NOC Northrop Grumman Corp. | Add +3.2% | 4.60% | −0.36 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 37 | $494.7M | GOOG, MSFT, AMZN, V, IQV |
| Q1 2026 | 36 | $453.2M | GOOG, MSFT, AMZN, TMUS, V |
| Q4 2025 | 38 | $555.9M | GOOG, MSFT, AMZN, IQV, V |
| Q3 2025 | 39 | $564.2M | MSFT, GOOG, AMZN, TMUS, V |
| Q2 2025 | 37 | $489.9M | MSFT, GOOG, AMZN, V, TMUS |
| Q1 2025 | 41 | $471.8M | MSFT, TMUS, GOOG, V, AMZN |
| Q4 2024 | 46 | $513.5M | MSFT, GOOG, AMZN, TMUS, V |
| Q3 2024 | 45 | $530.1M | MSFT, GOOG, TMUS, UNH, AMZN |
| Q2 2024 | 49 | $505.2M | MSFT, GOOG, AMZN, NXPI, TMUS |
| Q1 2024 | 48 | $497.9M | MSFT, GOOG, NXPI, AMZN, TMUS |